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Geopolitical Risks Rise, Emerging Market Stocks and Currencies Both Decline
Summary: According to sources, emerging market stocks and currencies have fallen for the second consecutive day, with the MSCI Emerging Markets Stock Benchmark Index dropping by 0.8%, marking the largest decline since mid-December last year. Thailand, South Korea, and South Africa's currencies are leading the decline. Bond issuance has seen the strongest start on record, with ...
According to sources, emerging market stocks and currencies have fallen for the second consecutive day, with the MSCI Emerging Markets Stock Benchmark Index dropping by 0.8%, marking the largest decline since mid-December last year. Thailand, South Korea, and South Africa's currencies are leading the decline. Bond issuance has seen the strongest start on record, with Poland also joining in taking advantage of low borrowing costs. The market is focused on Friday's release of non-farm payroll data, which may provide clues to the Federal Reserve's interest rate path. Ian Simmons, fund manager at Fiera Capital in London, suggests that the US dollar may continue to weaken.
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Link: Geopolitical Risks Rise, Emerging Market Stocks and Currencies Both Decline [Copy]
